World Bank approves $150 Million to Boost Clean Energy in Sri Lanka

 The World Bank highlighted that the program will focus on strengthening the resilience and sustainability of Sri Lanka’s power sector. By promoting the development of renewable energy infrastructure and improving energy efficiency, the project is expected to contribute significantly to the nation’s long-term energy security and climate goals.

"This program represents a crucial step forward in Sri Lanka’s energy transition," said a World Bank spokesperson. "By investing in cleaner energy sources, Sri Lanka can reduce its exposure to volatile fuel markets and lay the foundation for a greener economy."

The initiative aligns with Sri Lanka's broader strategy to diversify its energy mix and achieve carbon neutrality in the coming decades. It is also expected to bring long-term economic benefits by lowering electricity costs and improving energy access for communities across the country